TENNESSEE AFFILIATE CORE EXAM 2026 TEST QUESTIONS
AND ANSWERS GRADED A+
✔✔Open listings - ✔✔allow the seller to employ any number of real estate firms to
represent the seller.
✔✔The marketing organization that allows brokers to make their listings available to
other brokers is - ✔✔the multiple listing service.
✔✔In residential real estate transactions, many listing agreements state that when title
transfers, it will do so by means of a - ✔✔general warranty deed.
✔✔Which of the following is a way to generate long-term real estate business? -
✔✔Establishing a real estate farm area
✔✔If firm A wishes to advertise a listing of firm B, permission must be granted by -
✔✔B's seller.
✔✔A real estate agent wants to include information about how a property can be
financed in an advertisement. He intends to state price and annual percentage rate
(APR) only in the ad. Such an ad - ✔✔is an acceptable ad and violates no law.
✔✔In both an exclusive right-to-sell listing and an exclusive agency listing, - ✔✔an offer
of cooperation does not imply an offer of compensation.
✔✔Sellers/lessors of residences of four units or less must disclose the possibility of
lead-based paint if the property was built before - ✔✔1978.
✔✔Should a licensee who has a property listed on the MLS also place the listing on a
consumer website, such an action is - ✔✔legal, as long as the ad is in compliance with
TREC's advertising rules.
✔✔Cooperating brokers participating in the Internet Data Exchange may - ✔✔brand
their information outside the framework of the listing firm's information.
✔✔If a residential property was built before 1978, a federally mandated disclosure is
required to be presented to the buying or leasing prospect disclosing the possibility of -
✔✔lead-based paint.
✔✔An ad run by an affiliate broker including the firm's name and phone number is -
✔✔legal because it conforms to advertising requirements of TREC.
, ✔✔When advertising residential property for sale in ethnic advertising media, licensees
are obligated under federal law to also advertise the property - ✔✔in general circulation
media.
✔✔When must the statement "independently owned and operated" be included? -
✔✔When advertising something other than a specific piece of property
✔✔If a licensee advertises how a residential property is financed, and advertises
anything about the financing other than price and annual percentage rate (APR), the
licensee must advertise everything about the financing. The federal law mandating this
disclosure in advertising is the - ✔✔Truth in Lending Act (Regulation Z).
✔✔Even though no previous business relationship has been established, agents may
solicit by telephone - ✔✔no one without first checking the do-not-call lists.
✔✔When affiliated with a franchise real estate firm, company name and franchise name
- ✔✔must both be included in an ad.
✔✔Who decides the length of time that a property is listed? - ✔✔The licensee and the
owner
✔✔"I intend to interview other agents before listing" is an example of a seller's -
✔✔objection.
✔✔All advertising must be - ✔✔under direct supervision of the managing broker.
✔✔If the waste system is septic, MOST lenders will require a - ✔✔septic letter or health
letter.
✔✔A seller agrees to give a REALTOR® an exclusive right-to-sell listing agreement.
The seller, however, wants to exclude a potential buying prospect that came to his for-
sale-by-owner (FSBO) open house last Sunday. In this scenario, - ✔✔the REALTOR®
may complete a "listing exclusion" form.
✔✔Licensees must disclose to the seller their intent to purchase their own listing -
✔✔when taking the listing.
✔✔An ad stating "$650 moves you in" - ✔✔complies with RESPA.
✔✔At a listing presentation, a good way to build rapport with the sellers is to - ✔✔ask
them questions.
AND ANSWERS GRADED A+
✔✔Open listings - ✔✔allow the seller to employ any number of real estate firms to
represent the seller.
✔✔The marketing organization that allows brokers to make their listings available to
other brokers is - ✔✔the multiple listing service.
✔✔In residential real estate transactions, many listing agreements state that when title
transfers, it will do so by means of a - ✔✔general warranty deed.
✔✔Which of the following is a way to generate long-term real estate business? -
✔✔Establishing a real estate farm area
✔✔If firm A wishes to advertise a listing of firm B, permission must be granted by -
✔✔B's seller.
✔✔A real estate agent wants to include information about how a property can be
financed in an advertisement. He intends to state price and annual percentage rate
(APR) only in the ad. Such an ad - ✔✔is an acceptable ad and violates no law.
✔✔In both an exclusive right-to-sell listing and an exclusive agency listing, - ✔✔an offer
of cooperation does not imply an offer of compensation.
✔✔Sellers/lessors of residences of four units or less must disclose the possibility of
lead-based paint if the property was built before - ✔✔1978.
✔✔Should a licensee who has a property listed on the MLS also place the listing on a
consumer website, such an action is - ✔✔legal, as long as the ad is in compliance with
TREC's advertising rules.
✔✔Cooperating brokers participating in the Internet Data Exchange may - ✔✔brand
their information outside the framework of the listing firm's information.
✔✔If a residential property was built before 1978, a federally mandated disclosure is
required to be presented to the buying or leasing prospect disclosing the possibility of -
✔✔lead-based paint.
✔✔An ad run by an affiliate broker including the firm's name and phone number is -
✔✔legal because it conforms to advertising requirements of TREC.
, ✔✔When advertising residential property for sale in ethnic advertising media, licensees
are obligated under federal law to also advertise the property - ✔✔in general circulation
media.
✔✔When must the statement "independently owned and operated" be included? -
✔✔When advertising something other than a specific piece of property
✔✔If a licensee advertises how a residential property is financed, and advertises
anything about the financing other than price and annual percentage rate (APR), the
licensee must advertise everything about the financing. The federal law mandating this
disclosure in advertising is the - ✔✔Truth in Lending Act (Regulation Z).
✔✔Even though no previous business relationship has been established, agents may
solicit by telephone - ✔✔no one without first checking the do-not-call lists.
✔✔When affiliated with a franchise real estate firm, company name and franchise name
- ✔✔must both be included in an ad.
✔✔Who decides the length of time that a property is listed? - ✔✔The licensee and the
owner
✔✔"I intend to interview other agents before listing" is an example of a seller's -
✔✔objection.
✔✔All advertising must be - ✔✔under direct supervision of the managing broker.
✔✔If the waste system is septic, MOST lenders will require a - ✔✔septic letter or health
letter.
✔✔A seller agrees to give a REALTOR® an exclusive right-to-sell listing agreement.
The seller, however, wants to exclude a potential buying prospect that came to his for-
sale-by-owner (FSBO) open house last Sunday. In this scenario, - ✔✔the REALTOR®
may complete a "listing exclusion" form.
✔✔Licensees must disclose to the seller their intent to purchase their own listing -
✔✔when taking the listing.
✔✔An ad stating "$650 moves you in" - ✔✔complies with RESPA.
✔✔At a listing presentation, a good way to build rapport with the sellers is to - ✔✔ask
them questions.
